News Release: Blackstone Real Estate Completes Acquisition of Premier Lab Office Portfolio from Brookfield Fund
March 12, 2021 03:00 PM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE: BX) today announced that Blackstone Property Partners Life Sciences (“BPP Life Sciences”) has completed its previously announced acquisition of a best‐in‐class, 2.3 million square foot portfolio of lab office buildings from a Brookfield Asset Management real estate fund for $3.4 billion. BPP Life […]
News Release: Blackstone Real Estate Completes Acquisition of Premier Lab Office Portfolio from Brookfield Fund
12 March 2021 New York, March 12, 2021 – Blackstone (NYSE: BX) today announced that Blackstone Property Partners Life Sciences (“BPP Life Sciences”) has completed its previously announced acquisition of a best‐in‐class, 2.3 million square foot portfolio of lab office buildings from a Brookfield Asset Management real estate fund for $3.4 billion. BPP Life Sciences […]
News Release: Boston-area life science and industrial facility trades to JV for $33M
JLL Capital Markets arranged the sale of the packaging and distribution facility net leased to a Cambridge-based biotechnology company, demonstrating continued demand for Boston industrial space BOSTON, March 2, 2021 – JLL Capital Markets announced today that it has closed the $33 million sale of Sanofi Genzyme’s Northborough Global Operations Center, a fully net-leased, 212,000-square-foot, […]
News Release: Hines and 2ML Real Estate Interests Reveal Renderings for the First Building at Levit Green
The purpose-built life science building will kick off development at the district FEBRUARY 11, 2021 (HOUSTON) – Hines, the international real estate firm, and 2ML Real Estate Interests today revealed the first renderings for the initial building at Levit Green along with new aerial views of the 53-acre life science district. Adjacent to the Texas […]
News Release: Walker & Dunlop Structures $205 Million in Financing for Life Sciences and Medical Office Building in Manhattan
Bethesda, Maryland | Feb. 10, 2021 Walker & Dunlop, Inc. announced today that it structured $205,000,000 in financing for 619 West 54th Street, located in the heart of Manhattan’s Midtown West neighborhood. Also known as Hudson Research Center, the Class A life science and medical office property features stunning views of Manhattan’s West Side and […]
News Release: BioMed Realty Acquires Assembly Square Site in Somerville, Massachusetts
Innovation campus represents a substantial opportunity to support the region’s growing life science and technology cluster January 19, 2021 09:00 AM Eastern Standard Time BOSTON–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, has announced the acquisition of an existing 162,000 square foot office building and adjacent […]
News Release: Graymark Acquires Rare Palo Alto Asset for Life Science/Alt Tech Conversion
For Immediate Release Cushman & Wakefield Represents Graymark Capital in Palo Alto Acquisition being Converted to Life Science, Alternative Tech Use Rare asset located in high sought-after area for recent vigorous Life Science growth PALO ALTO, Calif., January 6, 2021 – Cushman & Wakefield announced today the firm has represented Graymark Capital, an industry-leading commercial […]
News Release: BioMed Realty Acquires Flagship Property in Boston’s Seaport District
601 Congress Street further builds on developer’s premier life science real estate portfolio in Boston/Cambridge January 06, 2021 09:00 AM Eastern Standard Time BOSTON–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, today announced the acquisition of 601 Congress Street in Boston, Massachusetts. The 482,000-square-foot LEED Platinum […]
News Release: NAI Partners arranges 260,950-sq.-ft. disposition in largest sale of Life Sciences product in Greater Houston area in 2020
The Woodlands, TX, December 29, 2020 – NAI Partners announced today that is has arranged the sale of five buildings totaling 260,950 sq. ft. at 8800 Technology Forest Drive, located in The Woodlands, TX. The main building on the former Lexicon Pharmaceuticals campus is a 128,400-sq.-ft. Class A office property with laboratory space. Additional properties […]
News Release: Florida-based biologics company signs 43K SF built-to-suit lease on heels of government contract to produce COVID-19 vaccine
Avison Young arranges 43,000 SF lease of build-to-suit facility by Concept Companies for Ology Bioservices in Alachua, Florida Lab space, positioned adjacent to Ology Bioservices’ HQ, will be used to expand capabilities including production of vaccines and therapeutics for COVID-19 Alachua, Fla. – Avison Young facilitated a 42,500-square-foot lease agreement between Concept Companies and Ology Bioservices […]
News Release: Suburban office/life sciences assets get boost from Middle Eastern investments
Trend demonstrated in the recent $225M JLL-brokered recapitalization of Arborcrest Corporate Campus near Philadelphia to Saudi Arabia-based Sidra Capital PHILADELPHIA, December 2, 2020 – JLL Capital Markets announced today that it has closed the $225 million recapitalization of Arborcrest Corporate Campus to Saudi Arabia-based Sidra Capital (Sidra). The sale of the five-building, 855,600-square-foot suburban office […]
Feature Story: It’s boom time for life science real estate
Panelists discuss the sector’s remarkable growth during recent BOMA MOB conference By John B. Mugford Think the medical office building (MOB) sector is holding up well during the COVID-19 pandemic? (As most professionals involved in the sector are aware, it most certainly is.) But one somewhat related real estate sector, that involving life science facilities, […]
News Release: Central Phoenix Experiences Boom in Healthcare and Bioscience
FOR IMMEDIATE RELEASE Billions in New Investment Makes Healthcare One of Fastest Growing Industries in Market PHOENIX (November 19, 2020) – In the nation’s fifth largest city, a unique hub for healthcare and bioscience industries is rising in a revitalized part of the community. Phoenix’s healthcare hub is becoming increasingly critical as a result of […]
News Release: MetLife Investment Management provides $52.76M loan for Research Triangle lab conversion (Morrisville, N.C.)
Life science capital markets well positioned for continued growth in 2020 notes JLL Capital Markets BOSTON, November 19, 2020 – JLL Capital Markets announced today that it has arranged $52.76 million in financing for Perimeter’s Edge, a flex/office, lab-convertible portfolio totaling 341,547 square feet across four buildings in Morrisville, North Carolina. JLL worked on behalf […]
News Release: Stan Johnson Company Completes $20.6 Million Sale Of Healthcare Office Building In Western Suburb Of Chicago, Illinois
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a Class A, 50,000-square-foot life science healthcare office building in the western Chicago suburb of Itasca, Illinois. The property is located at 870 North Arlington Heights Road and is fully leased by a publicly traded NASDAQ company. […]